Rice is the most popular staple for more than half of the world’s population. Therefore, the wholesale rice market becomes one of the leading businesses in the world.
Contents
Wholesale rice’s leading products
Products of the wholesale rice market vary based on different customer needs. There are main rice types for wholesale.
- Indica rice is from the foothills of the Himalayas in India. This is the most popular rice type, accounting for 75% of the world’s rice export.
- Fragrant rice is mainly grown in Thailand, Vietnam, Cambodia, India, and Pakistan. This rice type accounts for 18% of the total rice exports in the world.
- Japonica rice is primarily from China and Japan, which accounts for 6% of the total worldwide rice trade.
- Glutinous rice and specialty rice account for only 3% of the rice export in the world.
In each consumption market, people will have different demands for different rice types. For example, China is the largest importer of Vietnamese glutinous rice. Hence, market needs analysis is a must to choose the most suitable rice types for the wholesale rice business.
Major wholesale rice supply countries
The major amount of wholesale rice supplied to the international market is mainly from 5 countries including India, Vietnam, Thailand, Pakistan, and the United States.
In 2020, India is the biggest wholesale rice exporter when providing 15.5 million tons, worth 8 billion USD. Ranking second and third are Thailand and Vietnam, with 7.5 million tons and 6.6 million tons, followed by Pakistan distributing 4 million tons. The last major wholesale rice exporter is the USA with 3 million tons, worth 1.9 billion USD.
Factors affecting the wholesale rice market
The wholesale rice market relies on 4 main elements such as
Rice production
Supply chains of wholesale rice depend on the amount of rice produced in a crop. The more rice is produced, the more the amount of wholesale rice is.
Weather
Weather conditions play a crucial role in producing and delivering wholesale rice among countries. Bad weather can lead to low productivity and a reduction in rice production quantities. Therefore, the amount of rice for wholesale will be decreased. Poor weather conditions also affect negatively the delivery of wholesale rice.
Logistics
Cargo costs much money per order of wholesale rice. If the delivery cost is too high, the CIF price of wholesale rice orders will be increased.
Policies
Any governmental policy will influence significantly the setting of the wholesale rice market. For example, the Vietnamese government has established a quota for rice export, leading to the restriction in the wholesale rice supply of Vietnamese exporters.
Top 5 wholesale rice exporters
Here is a list of 5 reliable wholesale rice exporters for you to choose from.
Wonnapob wholesale rice supplier
Wonnapob is one of the best wholesale rice suppliers in Thailand. This wholesale rice supplier was founded in 1895, specializing in rice products with the aim of customer health and a good environment.
K-Agriculture Factory wholesale rice supplier
With 25 years of experience and the support of the Ministry of Industry and Trade, about K-Agriculture Factory,they provide stable supply chains of wholesale rice with the highest quality and at the best prices.
Sunrise Foodstuff wholesale rice supplier
One of the advantages of Sunrise Foodstuff is the wide selection of rice products for various customer choices. The wholesale rice supplier distributes rice to many countries such as the USA, EU, and Africa.
Lal Qilla wholesale rice supplier
Located in India – the homeland of basmati rice, Lal Qilla is the most trustworthy wholesale rice supplier. Lal Qilla offers both basmati and non-basmati rice for wholesale.
HAS Rice Pakistan wholesale rice supplier
The last wholesale rice supplier is HAS Rice Pakistan. The supplier focuses on the EU and Middle East markets, which are major importers of basmati rice.
Conclusion
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